Industry

Investment proposals grow 46.33 pc in July-September 2021: BIDA

The investment proposals registered by Bangladesh Investment Development Authority (BIDA) grew by 46.33 per cent in July-September 2021.

This has been a marked improvement from July- September period of 2020 when the investment inflow fell due to worsening Covid-19 pandemic situation.

BIDA, an entity attached with the Prime Minister Office, provided registration to 189 companies with investment proposals of Tk20463 crore in the three months (July-September) this year.

A total 177 domestic companies have taken registration in July-September 2021 period with investment proposals of Tk18586 crore.

In the similar period 7 foreign nationals-owned companies and 5-joint venture companies have taken registration with investment proposals of Tk 1877crore.

The investors have preferred the agriculture based industries to textile, services and engineering sector to invest money.

If the proposed investment is executed, the jobs opportunity of 28850 would be created.

Bangladesh, growing rapidly over a decade, is on its way to becoming the next Asian Tiger. Economic and political stability are driving its journey towards the future. Currently the world’s 41st largest economy, Bangladesh will be the 25th largest economy by 2035, according to BIDA.

BIDA is working to accelerate industrialization and employment. The entity has been providing transparent investor services of different organizations all in one place.

Source: United News of Bangladesh